The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
57
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United States US Energy Industry
Oil & Gas E&P
For the week ending 28 August 2026, Oil & Gas E&P declined 2.21% with 17 advancing, 43 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Unresolved
The Activity Lines, Trend Line and price acceptance remain genuinely mixed.
57
technical evidence
Index3240.81
1 week-2.21%
Breadth28%
Members60
Country
🇺🇸 United States · US
Sector
Energy
Universe
NASDAQ, NYSE
Price basis
Adjusted weekly close
Trend architecture
Index, activity fan and structural anchors
Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.
Index Value
Trend Line
Fair Value
Activity Lines
Constructive architecture
Transitional architecture
Defensive architecture
Current architecture
Unresolved
10 completed weeks in this state
Trend acceptance
2.7%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
28%
17 advancing, 43 declining
Investor positioning lens
Is the evidence ready for capital?
A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.
Evidence balance
Wait
Five-pillar map
Trend
58
Breadth
42
Persistence
86
Relative
26
Risk quality
79
What supports the view
- Constituent trends show positive multi-horizon persistence.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The group is not yet delivering dependable relative outperformance.
This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.
Trend state and durability
Architecture, persistence and constituent regimes
The index path is tested against the underlying security-level trend evidence.
The Activity Lines, Trend Line and price acceptance remain genuinely mixed.
State age10 weeks
Trend gateMixed
Fan width3.39%
Fast versus slow change4.28 pts
Above 50%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Positive across every horizon
The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.
13-week
4.6%
26-week
5.2%
39-week
20.7%
52-week
23.8%
Constituent trend persistence
98% coverage
Is the index move broadly durable?
86%positive
Coherent positive51%
Coherent negative5%
Average horizon agreement83%
Positive horizon share75%
Weakening positives16
Repairing negatives2
59 constituents measured as of 21 Aug 2026. Median trend age is 26 weeks.
Custom stage map
98% coverage
Where constituents sit in the cycle
56%Stage 2
Stage 1 · Basing3%2 securities
Stage 2 · Advancing56%33 securities
Stage 3 · Distribution14%8 securities
Stage 4 · Declining27%16 securities
Re-acceleration watch11
Transition watch3
Relative strength leaders34%
Fair Value repairs2
Measured as of 21 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
76/100 mean confidence
How market energy is distributed
Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.
Capital rotation
Performance relative to Energy
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Energy. A falling line means capital has done better in the parent benchmark.
Relative index72.6
13-week trend71.6
4-week trend change-0.31%
Weekly peer rank6 of 8
1 week
-1.1 pts
relative
4 weeks
0.6 pts
relative
13 weeks
-0.1 pts
relative
26 weeks
-3.1 pts
relative
52 weeks
-16.0 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
28%
advanced
- Advancing
- 17
- Declining
- 43
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility26.7%
Drawdown from 52-week high-10.3%
Positive weeks, last 1362%
Current directional run1 week
Turnover versus 13-week norm80%
Breadth impulse-29.6 pts
Cross-section
60 measured
Return distribution
Q1 -4.2%
Median -2.1%
Q3 0.4%
Average winner1.8%
Average loser-3.8%
Dispersion3.6 pts
Top-five upside share62%
Top-five capital share57%
Capital data coverage100%
Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.
Momentum cycle
30-week persistence
Positive readings show expansion. Negative readings show contraction.
Breadth cycle
Net participation
Advancers less decliners as a percentage of measured constituents.
News and narrative
Does company news confirm the market tape?
58out of 100
Mostly positive
Positive company-news scores are spread across much of the measured market.
Evidence quality
50/100 confidence
Coverage before conviction
Qualified companies1728% of measured constituents
Articles1371100% direct company evidence
Publishers331Independent sources represented
Latest evidence29 AugFreshness is weighted in the score
Constructive 59%Balanced 41%Cautious 0%
Price confirms news8
Price disagrees8
Negative news absorbed0
Positive but stretched5
Constructive edge
Strongest qualified tone
KRP43/100 confidence · 38 direct
62
Kimbell Royalty Partners Files for Secondary Offering of Common Units
DVN52/100 confidence · 128 direct 61Devon Energy vs. ConocoPhillips: Which Oil Stock Is the Better Buy?
WDS53/100 confidence · 60 direct 60Woodside Pulls Back From Clean Energy: Is the New Strategy Bullish?
MTDR49/100 confidence · 77 direct 60Joseph Wm Foran Purchases 555 Shares of Matador Resources (NYSE:MTDR) Stock
FANG60/100 confidence · 129 direct 59Diamondback Energy stock holds strong after CEO share sale and standout Q2 earnings
Narrative risk
Weakest qualified tone
EQT46/100 confidence · 63 direct
55
AI needs more power. Stephanie Link is buying this natural gas stock while it's cheap
CNQ43/100 confidence · 83 direct 56Canadian Natural (CNQ) Receives a Buy from CIBC
APA44/100 confidence · 90 direct 56OMERS ADMINISTRATION Corp Makes New $2.99 Million Investment in APA Corporation $APA
TPL47/100 confidence · 97 direct 56Pacific Heights Asset Management LLC Acquires New Position in Texas Pacific Land Corporatio…
EOG67/100 confidence · 126 direct 56Man Group plc Sells 371,580 Shares of EOG Resources, Inc. $EOG
Only fresh, quality-controlled company evidence is included. Industry and sector context is down-weighted and cannot create a directional group conclusion on its own.
Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 60 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.